Two top executives with General Growth Properties Inc., owner of the Glendale Galleria, will stay with the company for up to a year after the company's expected emergence from bankruptcy this month.
Chief Executive Adam Metz and President and Chief Operating Officer Thomas Nolan will continue to manage the final phases of the company's restructuring — including the planned equity raise — and will lead GGP's financial and operational strategy. General Growth's new board of directors is expected to select a long-term management team during the transition period.
"We are pleased to help position the company for the next chapter in its growth story and ensure a smooth transition for employees, shareholders and tenants while the board of directors selects a permanent management team. In the meantime, it will be business as usual at GGP as we continue to build value for all our stakeholders," Metz said in a statement.